economists
“Economics Now Points Away From the Laissez-Faire Approach”
Columbia professor Suresh Naidu on Economics for Inclusive Prosperity, the new initiative he launched with Dani Rodrik and Gabriel Zucman, and why he believes...
The Elephant in the Market Power Debate
Profits are the ultimate sign of market power. But for the past 40 years, economists and antitrust practitioners have disparaged the measurement of profit...
Market Power or Just Scale Economies?
While increased economies of scale may offer a partial explanation for higher margins and declining dynamism in the US economy, growing market power provides...
Editors’ Briefing: This Week in Political Economy (December 9-16)
Congress misses an opportunity to scrutinize Google; the IRS is on life support; Johnson & Johnson reportedly knew for decades that its baby powder...
“US Regulators Have Essentially Become Do-Nothing Institutions”
In an interview with ProMarket, Jonathan Tepper talks about the rise of America’s oligopoly problem, why he believes antimonopoly is not a left-right issue,...
Why the FTC Should Focus on Labor Monopsony
Economic theory tells us that firms are more likely to exploit labor market power than product market power in the United States today. And...
Pursuers of Truth or Peddlers of Influence?
Academic capture by donors threatens norms of independence and integrity at institutions of higher education, argue faculty members from Saint Louis University.
Our university recently received the...
Editors’ Briefing: This Week in Political Economy (September 1–7)
Google skips Congressional hearing, potentially making a “strategic mistake of virtually incalculable proportions”; Jon Kyl’s “ethical baggage”; new research finds telecom companies are slowing...
Gabriel Zucman: “Some People in Economics Feel That Talking About Inequality Is Not What Economists Should Be Doing"
The rising scholar of taxation and inequality talks to ProMarket about the problems excessive economic power poses for open political systems, how states can...
Marx and Modern Microeconomics
Few economists doubt that Marx flunked economics, a judgement mostly based on his labor theory of value. But this column argues that Marx’s representation...
